This
DIRECTOR AGREEMENT (“Agreement”) is dated as of July 24, 2017, between IMMUDYNE, INC., a Delaware corporation (the
“Company”), and Stefan Galluppi (“Director”). The Company and the Director are hereinafter sometimes referred
to collectively as the “Parties” and individually as a “Party.”

WlTNESSETH:

WHEREAS, the Company desires
to engage, and the Director agrees to provide services to the Company, and

WHEREAS,
the parties hereto desire to set forth the terms of Director’s engagement with the Company;

NOW,
THEREFORE, for and in consideration of the mutual promises, covenants and obligations contained, the Company and Director hereby
agree as follows:

1.

Engagement
and Location. The Company hereby appoints Director, and Director hereby accepts engagement
by the Company, on the terms and conditions hereinafter set forth. Given the Director’s
personal circumstances, and circumstances at the Company, Director shall not be required
to relocate.

2.

Director’s
Duties. Director will serve as a Director of the Company. Director’s duties shall
include those which are designated or assigned to him from time to time by the Board
of Directors of the Company or the By-laws of the Company, provided those duties are
of the type customarily discharged by a person holding the same or similar offices in
a company of similar size and operations as the Company.

3.

Term
of Engagement. Subject to the provisions for termination hereof; the original term
of this Agreement shall commence as of the date hereof and shall continue until June
30, 2020. Subsections 6(f) through 6(j) and Sections 7 through 20 of this Agreement shall
survive termination hereof for any reason whatsoever.

4.

Additional
Benefits. Director shall be entitled to participate in or receive benefits under
all benefit plans or programs generally available to directors of the Company to the
extent that Director’s position, tenure, salary, age, health and other qualifications
make Director eligible to participate, subject to the rules and regulations applicable
thereto.

5.

Covenants
of Director. For and in consideration of the engagement herein contemplated and the
consideration paid or promised to be paid by the Company, Director does hereby covenant,
agree and promise that during the term hereof, and thereafter to the extent specifically
provided in this Agreement:

(a)

Director
will not actively engage, directly or indirectly, in any other business or venture that
competes with the Company except at the direction or upon the written approval of the
Company;

(b)

Director
will not engage, directly or indirectly, in the ownership, management, operation or control
of, or employment by, any business of the type and character engaged in by the Company
or any of its subsidiaries. Director may make personal investments in public companies,
such as those made through or recommended by a stock broker;

(c)

Director
will truthfully and accurately make, maintain and preserve all records and reports that
the Company may from time to time reasonably request or require;

(d)

Director
will obey all rules, regulations and reasonable special instructions applicable to Director,
and will be loyal and faithful to the Company at all times, constantly endeavoring to
improve Director’s ability and knowledge of the business in an effort to increase the
value of Director’s services to the mutual benefit of the Parties;

(e)

Director
will make available to the Company any and all of the information of which Director has
knowledge relating to the business of the Company or any of the Company’s other subsidiaries
and will make all suggestions and recommendations which Director feels will be of benefit
to the Company;

(f)

Director
will fully account for all records or other property belonging to the Company of which
Director has custody, and will deliver the same promptly whenever and however he may
be reasonably directed to do so;

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(g)

Director
recognizes that during the course of Director’s engagement with the Company, Director
has had and will have access to, and that there has been. and will be disclosed to him,
information of a proprietary nature owned by the Company, including but not limited to
records, customer and supplier lists and information, pricing information, data, formulae,
design information and specifications, inventions, processes and methods, which is of
a confidential or trade secret nature, and which has great value to the Company and is
a substantial basis and foundation upon which the business of the Company is predicated.
Director acknowledges that except for Director’s engagement and the fulfillment of the
duties assigned to Director, Director would not have had and would not have access to
such information, and Director agrees that any and all confidential knowledge or information
which may have been or may be obtained by or disclosed to Director in the course of Director’s
engagement with the Company, including but not limited to the information hereinabove
set forth (collectively, the “Information”), will be held inviolate by Director,
that Director will conceal the same from any and all other persons, including but not
limited to competitors of the Company and its subsidiaries, and that Director will not
impart the Information or any such knowledge acquired by Director as a director of the
Company to anyone, either during Director’s engagement by the Company or thereafter,
except to employees, officers, directors or agents of the Company and its subsidiaries
on a strict need-to-know basis in the performance of their duties for the Company or
one of its subsidiaries. Director further agrees that during the term of this Agreement
and thereafter, Director will not use the Information in competing with the Company,
or in any other manner to Director’s benefit and to the detriment of the Company or its
subsidiaries;

(h)

Director
agrees that upon termination of Director’s engagement hereunder Director will immediately
surrender and turn over to the Company all books, records, forms, specifications, formulae,
data, processes, papers and writings related to the business of the Company, and all
other property belonging to the Company, together with all copies of the foregoing, it
being understood and agreed that the same are the sole property, directly or indirectly,
of the Company; and

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(i)

Director
understands and acknowledges that the securities of the Company are publicly traded and
subject to the Securities Act of 1933 and the Securities Exchange Act of 1934. As a result,
Director acknowledges and agrees that (i) he is required under applicable securities
laws to refrain from trading in securities of the Company while in possession of material
nonpublic information and to refrain from. disclosing any material nonpublic information
to anyone except as permitted by this Agreement in connection with the performance of
Director’s duties hereunder, and (ii) he will communicate to any person to whom
he communicates any material nonpublic information that such information is material
nonpublic information and that the trading and disclosure restrictions in clause (i)
above also apply to such person.

7.

Termination
for Cause. The Company may terminate the engagement of Director if the Board of the
Directors of the Company determines that Director has:

(a)

materially
breached any provision hereof or habitually neglected the duties which Director was required
to perform under any provision of this Agreement;

(b)

misappropriated
funds or property of the Company or otherwise engaged in acts of dishonesty, fraud, misrepresentation
or other acts of moral turpitude, even if not in connection with the performance of Director’s
duties hereunder, which could reasonably be expected to result in serious prejudice to
the interests of the Company if Director were retained as a director;

(c)

secured
any personal profit not completely disclosed to and approved by the Company in connection
with any transaction entered into on behalf of or with the Company or any affiliate of
the Company;

(d)

died,
or become and remained incapacitated (either physically, mentally or otherwise) for a
period of ninety (90) consecutive days such that Director is not able to substantially
perform Director’s duties hereunder; or

(e)

failed
to carry out and perform duties assigned to Director in accordance with the terms hereof
in a manner acceptable to the Board of Directors of the Company after a written demand
for substantial performance is delivered to Director which identifies the manner in which
Director has not substantially performed Director’s duties, and provided further that
Director shall be given a reasonable opportunity to cure such failure.

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For
purposes of this section, no act, or failure to act, on the Director’s part shall be considered “willful” unless done,
or omitted to be done, by him not in good faith and without reasonable belief that his action or omission was in the best interest
of the Company. Notwithstanding the foregoing, the Director shall not be deemed to have been terminated For Cause under subsection
(a) without (i) reasonable notice to the Director setting forth the reasons for the Company’s intention to Terminate For Cause,
(ii) an opportunity for the Director, together with his counsel, to be heard before the Board of Directors, and (iii) delivery
to the Director of a notice of termination from the Board of Directors of the Company, finding that, in the good faith opinion
of the Board of Directors, the Director was guilty of conduct set forth above in clause (a) of the preceding sentence and specifying
the particulars thereof in detail. In the event of termination of Director’s engagement for cause, Director shall be entitled
to retain the vested Options for shares which have not been previously purchased, compensation through the date of termination
and reimbursement of expenses properly incurred but not yet reimbursed.

8.

Covenant
Not to Compete.· The Director recognizes that the Company has business good
will and other legitimate business interests which must be protected in connection with
and in addition to the Information, and therefore, in exchange for access to the Information,
the specialized training and instruction which the Company will provide, the Company’s
agreement to engage the Director on the terms and conditions set forth herein, the Director
agrees that during the term commencing with the date of engagement and ending three years
after the date Director’s engagement, Director will not, without the prior written consent
of the Company, engage, directly or indirectly, in any business that competes with the
Company or any of its subsidiaries in any territory in which the Company or any of its
subsidiaries conducts business (determined as of the last date of Director’s employment).
It is mutually understood and agreed that if any of the provisions relating to the scope
time or territory in this Section 8 are more extensive than is enforceable under applicable
laws or are broader than necessary to protect the good will and legitimate business interests
of the Company, then the Parties agree that they will reduce the degree and extent of
such provisions by whatever minimal amount is necessary to bring such provisions within
the am bit of enforceability under applicable law.

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9.

Injunctive
Relief. The Parties acknowledge that the remedies at law for breach of Director’s
covenants contained in Sections 6 and 8 of the Agreement are inadequate, and they agree
that the Company shall be entitled, at its election, to injunctive relief (without the
necessity of posting bond against such breach or attempted breach), and to specific performance
of said covenants in addition to any other remedies at law or equity that may be available
to the Company.

10.

Business
Opportunities. For as long as the Director shall be engaged by the Company and thereafter
with respect to any business opportunities learned about through Director’s engagement
by the Company, the Director agrees that with respect to any future business opportunity
or other new and future business proposal which is offered to, or comes to the attention
of, the Director and which is in any way related to or connected with, the business of
the Company or its affiliates, the Company shall have the right to take advantage of
such business opportunity or other business proposal for its own benefit. The Director
agrees to promptly deliver notice to the Chairman of the Board of Directors or the Chief
Executive Officer of the Company in writing of the existence of such opportunity or proposal,
and the Director may take advantage of such opportunity only if the Company does not
elect to exercise its right to take advantage of such opportunity and if the pursuit
thereof would not otherwise violate any provision of this Agreement.

11.

Right
of Offset. To the extent permitted by applicable law, all amounts due and owing to
Director hereunder shall be subject to offset by the Company to the extent of any damages
incurred by Director’s breach of this Agreement. Director acknowledges and agrees
that but for the right of offset contained in this Agreement, the Company would not have
hired Director nor entered into this Agreement.

12.

Obligations
of Director. The obligations of Director hereunder are personal and may not be transferred
or delegated by Director.

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13.

Amendment
and Waiver. This instrument contains the entire agreement of the Parties and supersedes
and replaces any prior agreements between the Company or any affiliate and Director,
which prior agreements (if any) are hereby terminated, effective as of the commencement
date of this Agreement, by mutual agreement of the Parties. This Agreement may not be
changed orally but only by written documents signed by the Party against whom enforcement
of any waiver, change, modification, extension or discharge is sought; however, the amount
of compensation to be paid to Director for services to be performed for the Company hereunder
may be changed from time to time by the Parties by written agreement without in any other
way modifying, changing or affecting this Agreement or the performance by Director of
any of the duties for the Company. Any such written agreement shall be, and shall be
conclusively deemed to be, a ratification and confirmation of this Agreement, except
as expressly set forth in such written amendment. The waiver by any Party of a breach
of any provision of this Agreement shall not operate as or be construed to be a waiver
of any subsequent breach thereof, nor of any breach of any other term or provision of
this Agreement.

14.

Notice.
All notices and other communications hereunder shall be in writing and shall be deemed
duly delivered (i) three business days after being received by registered or certified
mail, return receipt requested, postage prepaid, or (ii) three business days after being
sent for next business day delivery, fees prepaid, via a reputable nationwide overnight
courier service, in the case of the Company, to its principal office address, and in
the case of Director, to Director’s residence address as shown on the records of the
Company, or may be given by personal delivery thereof.

15.

Severability.
Whenever possible, each provision of this Agreement shall be interpreted in such manner
as to be valid and enforceable under applicable law, but if any provision of this Agreement
shall be invalid, unenforceable or prohibited by applicable law, then in lieu of declaring
such provision invalid or unenforceable, to the extent permitted by law (a) the Parties
agree that they will amend such provision to the minimal extent necessary to bring such
provision within the ambit of enforceability, and (b) any court of competent jurisdiction
may, at the request of either party, revise, reconstruct or reform such provision in
a manner sufficient to cause it to be valid and enforceable.

16.

Force
Majeure. Neither of the Parties shall be liable to the other for any delay or failure
to perform hereunder, which delay or failure is due to causes beyond the control of said
Party, including, but not limited to: acts of God; acts of the public enemy; acts of
the United States of America or any state, territory or political subdivision thereof
or of the District of Columbia; fires; floods; epidemics, quarantine restrictions; strike
or freight embargoes. Notwithstanding the foregoing provisions of this Section 18, in
every case the delay or failure to perform must be beyond the control and without the
fault or negligence of the Party claiming excusable delay.

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17.

Authority
to Contract. The Company warrants and represents that it has full authority to enter
into this Agreement and to consummate the transactions contemplated hereby and that this
Agreement is not in conflict with any other agreement to which the Company is a party
or by which it may be bound. The Company hereto further warrants and represents that
the individuals executing this Agreement on behalf of the Company have the full power
and authority to bind the Company to the terms hereof and have been authorized to do
so in accordance with the Company’s corporate organization.

18.

Mediation. In
the event of any dispute arising under or pursuant to this Agreement, the Parties agree
to attempt to resolve the dispute in a commercially reasonable fashion before instituting
any arbitration or litigation (with the exception of emergency injunctive relief as set
forth in Paragraph 9). If the Parties are unable to resolve the dispute within thirty
(30) days, then the Parties agree to mediate the dispute with a mutually agreed upon
mediator in Houston, Texas. If the Parties cannot agree upon a mediator within ten (10)
days after either party shall first request commencement of mediation, each party will
select a mediator within five (5) days thereof, and those mediators shall select the
mediator to be used. The mediation shall be scheduled within thirty (30) days following
the selection of the mediator. If the mediation does not resolve the dispute, then Paragraph
20 shall apply. The Parties further agree that any applicable statute of limitations
will be tolled for the period of time from the date mediation is requested until 14 days
following the mediation.

19.

Recovery
of Litigation Costs. If any legal action or other proceeding is brought for the enforcement
of this Agreement or any agreement or instrument delivered under or in connection with
this Agreement, or because of an alleged dispute, breach, default or misrepresentation
in connection with any of the provisions of this Agreement, the successful or prevailing
Party or Parties shall be entitled to recover reasonable attorneys’ fees and other costs
incurred in that action or proceeding, in addition to any other relief to which it or
they may be entitled.

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20.

Arbitration.
Any and all disputes or controversies whether of law or fact and of any nature whatsoever
arising from or respecting this Agreement shall be decided by arbitration by the American
Arbitration Association in accordance with its Commercial Rules except as modified herein.

(a)

The
arbitrator shall be elected as follows: in the event the Company and the Director agree
on one arbitrator, the arbitration shall be conducted by such arbitrator. In the event
the Company and the Director do not so agree, the Company and the Director shall each
select one independent, qualified arbitrator and the two arbitrators so selected shall
select the third arbitrator (the arbitrator(s) are herein referred to as the “Panel”).
The Company reserves the right to object to any individual arbitrator who shall be employed
by or affiliated with a competing organization.

(b)

Arbitration
shall take place at Houston, Texas, or any other location mutually agreeable to the Parties.
At the request of either Party, arbitration proceedings will be conducted in the utmost
secrecy; in such case all documents, testimony and records shall be received, heard and
maintained by the arbitrators in secrecy, available for inspection only by the Company
or the Director and their respective attorneys and their respective experts who shall
agree in advance and in writing to receive all such information in secrecy until such
information shall become generally known. The Panel shall be able to award any and all
relief, including relief of an equitable nature, provided that punitive damages shall
not be awarded. The award rendered by the Panel may be enforceable in any court having
jurisdiction thereof.

(c)

Reasonable
notice of the time and place of arbitration shall be given to all Parties and any interested
persons as shall be required by law.

21.

Governing
Law. This Agreement and the rights and obligations of the Parties shall be governed
by and construed and enforced in accordance with the substantive laws (but not the rules
governing conflicts of laws) of the State of Texas.

22.

Multiple
Counterparts. This Agreement may be executed in multiple counterparts each of which
shall be deemed to be an original but all of which together shall constitute but one
instrument.